Honeywell (HON) will pay $130M to buy Saia Burgess Control from Hong Kong-based Johnson...

|About: Honeywell International, Inc. (HON)|By:, SA News Editor

Honeywell (HON) will pay $130M to buy Saia Burgess Control from Hong Kong-based Johnson Electric. Saia makes programmable controllers, touch-screen panels and other equipment for heating and air conditioning systems. The deal is expected to close by the end of January. (Q3 earnings)